Riyad Mahrez has revealed there have been transfer offers made to Leicester for his services.
The Algerian publicly declared last month that he had a agreement with the club that they would sell him at the end of last season.
Speaking to Algeria's Elhedaff Television, Mahrez said: "There's a big difference between an offer and speculation, so there is nothing on the table at the moment.
"The chairman and I agreed that I would stay another year at the club and that he would let me leave at the end of the season.
"I think it would be the right time for me to leave, I have experienced everything at this football club."
Earlier this month, Gunners mananger Arsene Wenger refused to rule out a move for Mahrez.
The Frenchman said via The Sun: "We have not made a bid for him but personally I like the player, yes.
"I think he had a huge impact at Leicester when they won the championship, like everybody else.
"It's been a different season this year but it doesn't take anything away from his qualities.
"Have we made a bid for him? No. Not yet. Not yet means it could happen, it could not happen."